What are the responsibilities and job description for the Precious Metals Analyst position at StoneX Group Inc.?
Overview
Connecting clients to markets – and talent to opportunity
With 4,300 employees and over 400,000 retail and institutional clients from more than 80 offices spread across five continents, we’re a Fortune-100, Nasdaq-listed provider, connecting clients to the global markets – focusing on innovation, human connection, and providing world-class products and services to all types of investors.
Whether you want to forge a career connecting our retail clients to potential trading opportunities, or ingrain yourself in the world of institutional investing, The StoneX Group is made up of four segments that offer endless potential for progression and growth.
Business Segment Overview:
Institutional: Immerse yourself in the best-in-class institutional-grade technology, working alongside industry experts and gaining exposure to various asset classes, such as equities, options, fixed income securities, and advanced trading, research, and management technology.
Position purpose: as a member of the Precious Metals team, the employee will work with our sales and back-office teams to provide our customers the best service. This role offers a unique opportunity to support the continuing development of this highly successful multi-product business and it offers the employee the opportunity to learn about and assist with the daily Precious Metals operations within SFL, SXB, & SPM. The successful candidate will need to work in a team environment, help influence the direction of our technology & our business in general and be able to interact with other team members and teams on creating exciting solutions to complex problems.
Responsibilities
Primary duties will include:
To land this role you will need:
Connecting clients to markets – and talent to opportunity
With 4,300 employees and over 400,000 retail and institutional clients from more than 80 offices spread across five continents, we’re a Fortune-100, Nasdaq-listed provider, connecting clients to the global markets – focusing on innovation, human connection, and providing world-class products and services to all types of investors.
Whether you want to forge a career connecting our retail clients to potential trading opportunities, or ingrain yourself in the world of institutional investing, The StoneX Group is made up of four segments that offer endless potential for progression and growth.
Business Segment Overview:
Institutional: Immerse yourself in the best-in-class institutional-grade technology, working alongside industry experts and gaining exposure to various asset classes, such as equities, options, fixed income securities, and advanced trading, research, and management technology.
Position purpose: as a member of the Precious Metals team, the employee will work with our sales and back-office teams to provide our customers the best service. This role offers a unique opportunity to support the continuing development of this highly successful multi-product business and it offers the employee the opportunity to learn about and assist with the daily Precious Metals operations within SFL, SXB, & SPM. The successful candidate will need to work in a team environment, help influence the direction of our technology & our business in general and be able to interact with other team members and teams on creating exciting solutions to complex problems.
Responsibilities
Primary duties will include:
- Daily & monthly reconciliations of external nostros / physical depositories
- Assist management and FO with any Onboarding needs
- Liaise with the Compliance, Credit Risk, Market Risk and AML on Customer Onboarding related tasks
- Reconciliation of exchange traded futures statements from brokers
- Oversight and periodic review of all reconciliations, controls, and SOPs
- Problem solving and resolution of position / P&L discrepancies etc.
- Margin Calls to Clients, intercompany & trading counterparts
- Monitoring daily cash / metal flows and managing funding requirements
- Processing trade settlements in currencies and physical Precious Metals
- Internal system reconciliations
- Follow and understand all internal procedures & comply with general principles of business.
- Liaising with the FO / BO Precious Metals team globally
- Assist the Logistics team in the coordination, filing, and documentation of physical shipments
- Develop and maintain relationships with customers / counterparts
- Handling of stock-ins & stock-outs within the Coin Management system
- Ad hoc problem resolution as required
- Process and pay invoices for the different service providers including carriers, refineries, storage facilities, etc.
- Other duties as required
To land this role you will need:
- Understanding of trade flows
- Understanding of logistics in a related field
- Interest in finance and physical commodities a willingness to learn
- Knowledge of the financial markets preferable but not essential.
- 4 days per week onsite
